GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4831. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.5800 area. On the downside, a clear break below the channel support will indicate that the uptrend has completed, then pullback to 1.5000 area could be seen.
For long term analysis, GBPUSD is in uptrend from 1.4831. Further rise towards 1.6000 could be expected over the next several weeks.
